Markets

Bank of America Corp's consumer bank has hired 1,700 people in critical support roles so far this month, a spokesman said on Friday, as the industry faces a surge in customer service demand due to coronavirus concerns.

Kraft Heinz speaks daily with Amazon.com and Walmart Inc, hoping to speed up deliveries as customers worldwide stay home and shop online to protect themselves from the COVID-19 pandemic, Kraft Heinz's CEO said on Friday.

Fiat Chrysler , Toyota Motor Corp and Renault announced on Friday they will stop auto production in Brazil temporarily due to the coronavirus.

Banks across the United States announced plans to close branches this week, switching many to drive-through and ATM operations only, as financial institutions work to keep going despite the coronavirus and widespread closures of schools and businesses.

WASHINGTON: U.S. Treasury Secretary Steven Mnuchin has stepped into the breach as the Trump administration's point man to rescue the economy from coronavirus devastation, taking on the role his former Goldman Sachs boss, Hank Paulson, played over a decade ago. Mnuchin has closely followed the ...

As carmakers grapple with growing signs of coronavirus damage, vehicle production could be reduced by about 1.44 million in Europe, North America and Latin America, according to an estimate by information provider IHS Markit.

The Farnborough Airshow - this year's largest aerospace expo and a showcase for tens of billions of dollars of business deals - has become the latest major event to be canceled because of the coronavirus crisis, organizers said on Friday.

Britain's easyJet said on Friday it would ground most of its flights, while pilots at rival British Airways will be required to take two weeks' unpaid leave in both April and May as the battered aviation sector frantically seeks to cut costs.

Britain's government will pay businesses hit by the coronavirus outbreak not to lay off workers, as part of what finance minister Rishi Sunak said would be an unprecedented economic intervention.

German carmaker Volkswagen said on Friday it was joining other manufacturers round the world to explore using 3D printing to make hospital ventilators to combat the coronavirus.